Operating Sites ESG Risk Management Framework
LG Energy Solution works to identify and address potential ESG risks and thereby ensure the compliance with ESG-related regulations at each of its business sites under the company-wide ESG risk management framework. We intend to roll out an ESG risk management process on a regular basis, encompassing self-assessment, on-site audit verified by a third-party, identification and planning of corrective actions, and continuous monitoring of their implementation. We also work to disclose information in a transparent manner on procedures and outcomes of the evaluation as well as the implementation status of measures for improvement.
Promoting Global Recognition
LG Energy Solution also works to ensure our policies, procedures, management systems and operations at both corporate and facility levels meet international standards in conjunction with internationally recognized certification process such as ISO.
· Status of ESG-related Certifications Acquired (As of March 2023)
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ISO14001
Environmental management systems
All global manufacturing subsidiaries and R&D Campuses
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ISO45001
OHS Management Systems
All global manufacturing subsidiaries and R&D campuses
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ISO50001
Energy management systems
Domestic plant and NJ manufacturing subsidiary in China
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ISO37301
Compliance management systems
Domestic sites (the headquarters) and NJ manufacturing subsidiary in China
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ISO27001
Information security management systems
Domestic sites (Ochang Energy Plant and R&D Campuses * TISAX certification acquired at WA subsidiary in Poland
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ISO22301
Business Continuiy management systems
Domestic sites (the headquarters and Ochang Energy Plant)
* Plans in place to expand certifications as relevant and appropriate